Top 5 Stock Picks of Joe Magyer’s Lakehouse Capital

4. Visa Inc. (NYSE:V)

Lakehouse Capital’s Stake Value: $16,921,000

Percentage of Lakehouse Capital’s 13F Portfolio: 9.55%

Number of Hedge Fund Holders: 162

Visa Inc. (NYSE:V) is a financial services company that facilitates the electronic transfer of funds worldwide via Visa credit, debit, and prepaid cards. Visa Inc. (NYSE:V) represents 9.55% of Joe Magyer’s Q3 portfolio, with his investment firm owning a $16.9 million stake in the company as of September 2021. 

Visa Inc. (NYSE:V) is a popular stock among the hedge funds, with 162 funds being bullish on Visa Inc. (NYSE:V) at the end of Q2, with stakes worth $27.6 billion. One of the largest Visa Inc. (NYSE:V) stakeholders is Ken Fisher’s Fisher Asset Management, who owns 18.33 million shares in the company, valued at over $4 billion. 

On October 26, the Q3 EPS for Visa Inc. (NYSE:V) equaled $1.62, beating estimates by $0.08. The $6.56 billion revenue was up 28.58% year-over-year, exceeding estimated revenue by $45.89 million. 

UBS analyst Rayna Kumar, on November 17, assumed coverage of Visa Inc. (NYSE:V) with a Buy rating and a $275 price target. The analyst stated that Visa Inc. (NYSE:V) shares have an attractive valuation, and the company is set to gain higher global market share in the upcoming years, driving revenue growth as a result. 

Here is what L1 Capital has to say about Visa Inc. (NYSE:V) in its Q3 2021 investor letter:

“In our view, the payment network company, Visa, remains very well positioned to participate in an ever-expanding market for electronic payments. In time, ‘Buy now, Pay Later’ may have a modest impact on Visa’s transaction volumes, however in aggregate, we believe it will have the greater effect of supporting growth in electronic payments more broadly. Nearer term, we believe the recovery in international travel as the world gradually normalises and learns to live with COVID-19 will be materially positive for Visa’s financial performance. eCommerce will also remain a positive key driver for Visa growth.”